Forex Opinion & Analysis

The Canadian dollar stabilized on Thursday as USD/CAD trades quietly in the mid-1.23 range. The pair has taken a pause after posting strong gains a day earlier. Today’s highlight was...

Talking Points ECB Announced 60 Billion Euro Monthly Bond-Buying Program More than expected, EUR/USD moving lower Near-term trend remains bearish inside month long channel This morning the ECB...

The Japanese yen is showing limited movement on Thursday, as the pair trades just under the 118 line in the European session. In the US, today’s highlight is Unemployment Claims, with the...

The day that every currency trader the world over had circled on their calendar has arrived as the European Central Bank has introduced their long anticipated Quantitative Easing program at their...

Expectations were high heading into today’s ECB meeting, but “Super Mario” Draghi was up to the task. As we all know by now, the central bank announced a Quantitative Easing program...

Currently we are at 0.7645 in a triangle. We are looking for a continuation to the Fibo support area @ 0.7534 with an overall target @ 0.7454. The average daily true range (ATR) for the pair currently...

Will Draghi stand and deliver? Market ready to punish the ECB EUR shorts need a surprise Where is the reserve ammo? The EUR bear finds out his or her own fate in a matter of hours. Will Mario Draghi...

KEY DATA RELEASES TODAY (GMT) :1245 EUR ECB Minimum Bid Rate exp 0.05% v 0.05% 1330 EUR ECB Press Conference 1330 USD Unemployment Claims exp 301K v 316K OVERNIGHT: USD/JPY was better bid in Asian...

Market Drivers For January 22, 2015 Muted Asian trade as markets await Draghi presser UK Public Sector Net borrowing rises on payment to EU Nikkei 0.28% Europe 0.19% Oil $47/bbl Gold $1289/oz. Europe...

Forex News and Events The European Central Bank gives policy verdict today and is expected to announce the much expected Quantitative Easing (sovereign bond purchases) in order to fight the deflation...

The single European currency is trading in a narrow range of 100-120 points. The pair did not manage to consolidate above yesterday's maximum of 1.1665 and dropped to a level of 1.1600.The currency...

EUR/USDCurrent level - 1.1582 Although there is an intraday risk of a slide towards 1.1530 support, the overall outlook remains positive, for an attack towards 1.1750 major resistance....

GROWTHACES.COM Forex Trading Strategies: Taken Positions: EUR/USD trading strategy: long at 1.1590, target 1.1900, stop-loss 1.1440 GBP/USD trading strategy: long at 1.5110, target 1.5390, stop-loss...

Market Brief Today’s key event is the much expected ECB meeting. The ECB is expected to announce a full blown QE and the expectations are running quite high. The consensus is the announcement of...